Settlement Structure: Claims Made
Closed Settlement Statement:
According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.Case Summary:
Bank of America, NA is settling a collective action alleging it did not give proper overtime pay to its overtime-pay-eligible employees classified as Private Banking Associate II (Job Code BW104) in the US Trust/Bank of America Private Bank line of business (PBA). The complaint alleged the bank did not pay its BPAs properly for all overtime hours worked.Docket Number:
Company: Bank of America
Filing Deadline: December 12, 2022
Class Period: August 18, 2020 to August 22, 2022Proof of Purchase:
You do not need to provide proof.Eligibility:
You may be eligible if you are a Bank of America employee who worked for US Trust/Bank of America Private Bank as a Private Banking Associate II at any time between August 18, 2020 and August 22, 2022.Typical Settlement Amount:
Portion of the net settlement fund based on the number of weeks you worked as a PBA during the class period as compared to the total number of weeks worked by all class members. The final amount you get may be higher or lower than the amount estimated for you. Half of the amount of your payment is considered wages and will be subject to withholdings, and you will receive a W-2 for it. The other half will be reported to the IRS on a Form 1099.
Total Settlement Amount: $425,000Class Representative Proposed Incentive Fee:
General Release Payment of $6,500
Outten and Golden LLP
Shavitz Law Group PA
Claim Form: PBA Settlement Consent to Join and Release Form
Case Name: Copeland v. Bank of America, N.A.
Settlement Website: PBA Settlement Website
Rust Consulting, Inc.
PBA Settlement Claims Administrator
c/o Rust Consulting Inc – 7745
PO Box 2396
Faribault, MN 55021-9096